Cobra's Market View Private Messaging System shows:
The bottom line, the short-term trend is up. I hold both long and short over the weekend.
I’m bearish biased toward the next Monday for 2 reasons:
When CPC <= 0.80, 10 out of 12 times (83%) a red day the next day.
When ISEE Indices & ETFs Only Index >= 100, 25 out of 36 times (69%) SPX would close below today’s close within 2 trading days. Besides, the ISEE Index reading at 171 itself is too high which I’ll blah blah in the weekend’s report. Overall, I’ll reiterate the intermediate-term bearish view.
Enjoy your weekend!